Chinese potato traders unenthusiastic about market

It is now halfway through September, and part of the new potato crop has begun to be put into storage. Although the re-starting of schools across China has slightly boosted the market and market demand has increased slightly, traders and growers are not very optimistic about the current market and are not enthusiastic about doing business. Therefore, the overall market price has so far failed to reach its expected peak.

Earlier the season, production areas in Northeast China suffered continuous rainfall, resulting in lower supply volumes. Therefore, prices are expected to increase slightly. As traders of storage potatoes in some production areas have begun to put the new crop into storage, the supply available in the market has decreased. With the Mid-Autumn Festival and National Day approaching and the demand from school canteens increasing, market demand is expected to increase slightly. In the short term, potatoes may continue to be shipped at higher prices, but in the long run, the market may still stay at a low level.

Source: Potatoes.net


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